Job description templates
Insurance Underwriter job description
A ready advert for a Insurance Underwriter job in Libya, in Arabic and English. Post it on jobs.ly and edit it to fit your organization.
About the job
We are looking for an insurance underwriter to review insurance applications, assess their risk and set cover terms and prices that keep the portfolio profitable and pricing fair to clients.
Duties and responsibilities
- Review insurance applications and disclosure forms and assess the risks proposed
- Set cover terms, exclusions, deductibles and limits of liability
- Price policies and calculate premiums using pricing guidelines and actuarial tables
- Request surveys and technical reports for large risks before accepting them
- Accept or decline risks within delegated authority and refer the rest upwards
- Work with reinsurers on risks beyond the company's retention capacity
- Review portfolio results and loss ratios at renewal and adjust prices and terms
- Issue policies and endorsements and check their accuracy
Requirements
- Bachelor's degree in insurance, risk management, accounting or economics
- 3 to 6 years of experience in insurance underwriting
The years of experience follow the level you choose when posting.
Skills
- Underwriting
- Risk assessment
- Insurance pricing
- Insurance policy wording
- Reinsurance
- Data analysis
- Excel
- Decision-making
Preferred
- A professional insurance qualification such as those of the Chartered Insurance Institute (CII)
- Experience in a specific line of insurance, such as energy, marine or medical
- Good English for policy wordings and reinsurance treaties
Post this job
The posting form starts with this description, for you to edit before publishing.